Thailand: Artificial Guts Market 2024

Artificial Guts Market Size in Thailand

In 2022, the Thai artificial guts market increased by 1.9% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Artificial guts consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Artificial Guts Production in Thailand

In value terms, artificial guts production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 9.5% against the previous year. Artificial guts production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Artificial Guts Exports

Exports from Thailand

In 2022, artificial guts exports from Thailand fell markedly to X tons, with a decrease of -29.8% compared with the previous year's figure. Over the period under review, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial guts exports fell sharply to $X in 2022. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2014 with an increase of 252% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for artificial guts exports from Thailand, accounting for a 76% share of total exports. Moreover, artificial guts exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. Cambodia (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+2.2% per year) and Cambodia (-12.8% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for artificial guts (sausage skins) exports from Thailand, comprising 45% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Japan, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+60.6% per year) and Japan (+11.6% per year).

Export Prices by Country

The average artificial guts export price stood at $X per ton in 2022, with an increase of 2.9% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 274% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Thailand

Artificial guts imports into Thailand stood at X tons in 2022, surging by 1.9% compared with the previous year. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.6% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, artificial guts imports shrank slightly to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.0% against 2014 indices. The pace of growth was the most pronounced in 2014 when imports increased by 30% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of artificial guts to Thailand, with a 72% share of total imports. Moreover, artificial guts imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.6% per year) and the Czech Republic (+40.8% per year).

In value terms, China ($X) constituted the largest supplier of artificial guts (sausage skins) to Thailand, comprising 63% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.5% per year) and the Czech Republic (+41.6% per year).

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, with a decrease of -5.5% against the previous year. Overall, the import price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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